Fred's, Inc.401(k)
FRED'S, INC. SALARY REDUCTION PROFIT SHARING PLAN · MEMPHIS, TN · plan year 2018
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Fred's, Inc. reported $67,466 in plan administrative expenses for 2018: 0.16% of average plan assets, above the peer median. Employer contributions averaged $48 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio has held roughly steady near 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 33 comparable plans and shown alongside other wholesale trade employers. By assets it is the 335th-largest of 1,496 plans among Tennessee employers on file, and the 1,046th of 4,246 in wholesale trade. In 2018, employees put in $16.26 for every $1.00 the employer contributed.
Fred's, Inc.'s 2018 employer contribution ran below the $1,625 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2018 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 620634010 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.